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ED Sleuths Arrested Naresh Jain Who Is Facing Allegations Of Hawala Transactions
By: Tupaki Desk | 3 Sep 2020 7:01 AM GMT
Based on a tip-off, the Enforcement Directorate (ED) sleuths arrested a hawala dealer who is believed to have connections with the biggest money-laundering probe worth multiple crores.
Going into detail, Hawala dealer Naresh Jain who is facing allegations of making hawala transactions was arrested and he was booked under sections of the Prevention of Money Laundering Act (PMLA).
Enforcement Directorate (ED) Officials said Naresh Jain will be produced before the court in New Delhi.
It has been widely reported that the ED which has closely monitored more than 600 bank accounts and overseas transfers worth over Rs 11,000 crore from quite a time arrested the hawala dealer.
The ED which had an eye on the agencies that belong to the businessman based out of the national capital Delhi served Rs 1,200 crore notice to him in the year 2016 on the grounds of allegedly violating the forex law.
Going into detail, Hawala dealer Naresh Jain who is facing allegations of making hawala transactions was arrested and he was booked under sections of the Prevention of Money Laundering Act (PMLA).
Enforcement Directorate (ED) Officials said Naresh Jain will be produced before the court in New Delhi.
It has been widely reported that the ED which has closely monitored more than 600 bank accounts and overseas transfers worth over Rs 11,000 crore from quite a time arrested the hawala dealer.
The ED which had an eye on the agencies that belong to the businessman based out of the national capital Delhi served Rs 1,200 crore notice to him in the year 2016 on the grounds of allegedly violating the forex law.
